Replies to post #5026 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

GNSS & GILD breaking away here. Notice how GILD and GNSS did nothing yesterday into the close, but the proximity to the earnings report (GILD tonight and GNSS yesterday) was the CATALYST to upside in the two stocks. Again proving its not the TECHNICALS that move these stocks its the "anticipation" and EARNINGS UPSIDE.. It was too late to pick up GNSS this morning as the gap was huge, only those that chose the 20 or 22.50 call options enjoyed the strong upside. Of course if you held a position in the stock through the close or even after hours, you did well also.

[Bob Zumbrunnen]

Makes sense. ILA could've been a great short, if a fill could've been gotten. I've been out of it too long. Is an uptick still required?